Choosing the right options

After the first of June advisers that want to remain independent will have to offer their clients th...

After the first of June advisers that want to remain independent will have to offer their clients the option of paying by fees. A good option will be to use commission offsetting, whereby commission received is used to reduce fees - often to zero - or improve product terms. It also means that advisers do not have to take customers through the payment option menu. Advisers who plan to go multi-tie should ensure that they choose the right firms to get involved with. There are important criteria to consider such as financial strength, because the investment house must have a business model t...